MOUNTAIN PARKS ELECTRIC, INC.

Regular Meeting of the Board of Directors

Granby, Colorado

May 08, 2025

8:00 A.M.

Attendance

Present: Liz McIntyre, Justin Fosha, Ty Wattenberg, Mark Volt, Cray Healy, Ryan Zorn, Aaron Street, Virginia Harman, Jodi King, Joe Palmer, Eric Jones, Sue Henderson, Angie Wallace, and Attorney Levi Williamson, attended in person. Mike Sjobakken attended remotely. Adam Paulson was not present.

Call to Order

President Liz McIntyre called the meeting to order at 8:01 a.m.

Determination of Quorum

A quorum was declared.

Public Comment

There were no public comments.

CONSENT AGENDA

The Consent Agenda contained the following items:

Minutes of April 10, 2025, Meeting of the Board of Directors

Bills for Payment

MOTION: It was properly moved, seconded, and carried to approve the Consent Agenda as presented.

Operations Report

Virginia Harman referred to the Operations Report as prepared by Adam Paulson and offered to answer questions. There were no questions.

Engineering Report

Sue Henderson presented the Engineering Report. Henderson reported that the yearly developer meeting took place on April 23, 2025, to review construction standards changes for this year.

Finance Report

Eric Jones presented the Finance Report. Jones reported that Q1 financials have been completed. Margins are currently exceeding budget expectations due to revenue being higher than forecasted. MPE’s cash position remains solid, and the current ratios look healthy. Jones further reported that MPE has received one bid for the replacement of the boiler for the warehouse.

Information Technology (IT) Report

Joe Palmer presented the Information Technology Report. Palmer reported on a Tantalus user conference he attended and their rebranding into a grid modernization company. Palmer further reported on a NISC fraudulent employee cyber incident. IT training was presented.

Human Resources, Safety, and Administration Report

Angela Wallace presented the Human Resources, Safety, and Administration Report. Wallace reported on statistics added to her report. Wallace further reported on the April all employee meeting and guest speaker.

Member Relations and Communications Report

Aaron Street presented the Member Relations and Communications Report. Street reported that MPE will be submitting the Community Benefits Plan for New ERA soon. Street further reported that 19 of the scholarship winners attended the Annual Meeting, and he has been in contact with those who will attend a BOD meeting over the summer.

Attorney Report

Attorney Levi Williamson referred to his written report and his attendance at the CREA attorney’s meeting, providing an update on fire mitigation legislation.

CEO’s Report

CEO Harman referred to her written report and had nothing to add.

President Liz McIntyre recessed the meeting at 9:17 a.m. and reconvened the meeting at 9:28 a.m.

Action Items

Policy B4 Approval and Execution of Contracts

Virginia Harman and Eric Jones presented Policy B4. Jones discussed revisions made to the policy and recommended the policy for approval. Discussion took place. The Board recommended capitalizing “board” in Section III of the policy. 

MOTION: It was properly moved, seconded, and carried to adopt Policy B4 with the recommended change to Section III.

Policy B6 Local Vendor Preference

Virginia Harman presented revised Policy B6 and discussed revisions made, including changing the title. Discussion took place.

MOTION: It was properly moved, seconded, and carried to adopt Policy B6 as presented.

Policy E8 Code of Ethics and Conflicts of Interest

Virginia Harman presented new Policy E8 and discussed the need for MPE to have a policy that covers code of ethics and conflicts of interest. Discussion took place.

MOTION: It was properly moved, seconded, and carried to adopt Policy E8 as presented.

CoBank Resolution

Eric Jones presented MPE Resolution 25-004 to update the titles of Authorized Signatories with CoBank. Discussion took place.

MOTION: It was properly moved, seconded, and carried to approve MPE resolution 25-004 as presented.

Elect Officers

Attorney Levi Williamson led discussion on the process to elect officers.

MOTION: It was properly moved, seconded, and carried to cast a unanimous ballot for the following officers:

President-Liz McIntyre

Vice President-Justin Fosha

Secretary-Cray Healy

Treasurer-Cray Healy

Director Appointments

CREA

MOTION: It was properly moved, seconded, and carried to appoint Ryan Zorn as MPE’s CREA representative.

Western United

MOTION: It was properly moved, seconded, and carried to appoint Mark Volt as MPE’s Western United representative.

Finance Committee Chair

MOTION: It was properly moved, seconded, and carried to appoint Ryan Zorn the finance committee chair.

Member Services Committee Chair

MOTION: It was properly moved, seconded, and carried to appoint Mike Sjobakken the member relations committee chair.

Mountain Parks Services, Inc. Annual Meeting Consent of Shareholder

Attorney Williamson presented a written consent of shareholder electing the current MPEI directors as directors of Mountain Parks Services, Inc.

MOTION: It was properly moved, seconded, and carried to approve the consent as presented.

MOTION: It was properly moved, seconded, and carried to recess the meeting to hold a meeting of the Mountain Parks Services, Inc. Board of Directors.

President McIntyre reconvened the meeting at 9:59 a.m.

Board Open Forum, Committee Reports, Association Reports

The finance committee met and reviewed policies B4 and B6.

The executive committee met and reviewed policies B6, D3, and E8.

Ryan Zorn reported on a CREA virtual meeting and that there is a meeting in Holyoke at the end of May. Nothing significant to report on.

Mark Volt reported on the Western United meeting that took place on April 24, 2025. Western United now has 84 members. There was discussion on tariffs and Western United will be paying their 2018 patronage this year.

Cray Healy reported on a controllable costs for small cooperatives class he attended through CREA.

President McIntyre reported on a NRECA cyber security class she attended.

Ty Wattenberg commented on the tremendous job staff did at the Annual Meeting this year.

Upcoming Events

The finance committee and member relations committees need to schedule meetings before mid-June.

Old Business

There was no old business.

Executive Session

MOTION: It was properly moved, seconded, and carried to enter executive session at 10:23 a.m. for confidential discussion regarding legislative and employee matters with the following present: Harman and Williamson were present for the discussion regarding legislative matters; all directors present at the meeting were present for the entire executive session.   

MOTION: It was properly moved, seconded, and carried to exit executive session. 

The meeting adjourned at 11:52 a.m.